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Apply for Equity Release with Caution
04/11/2010
The Society of Equity Release Advisers have warned individuals to be careful when seeking advice for equity release schemes
This comes after a provider, who is not authorised by the Financial Services Authority, began offering customers a specific type of equity release scheme that does not adhere to industry regulations.
Confusion arises when people fail to differentiate between this type of product and other formal schemes on the market such as home reversion plans and lifetime mortgages.
It is vital that anyone interested in equity release seeks advice from financial advisors who are approved by the Financial Services Authority.
Homeowners aged over 55 years who are considering releasing equity from their home and would like to know how much money the value of their property could release, can find out by contacting therightequityrelease.co.uk for equity release advice.
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